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    Equity buyback

    I have been discharged since Dec, but i have an investment property that has $40,000 in equity( market value on taxes) but no equity according to assesed on the same tax statement. I stated my intention to retain on my filing. What would you expect the buy back to be on $40,000 in equity, remmebering all the expenses for the trustee to sell the property
    Filed Aug 28 2009
    341 Oct 2 2009-Asset Case
    Discharged Dec 16 2009
    Waiting for tax return and asset buy back to close

    #2
    If you think you have that much equity, and are unsure of the true market value, you need to determine what the value actually is! I would either get a CMA (Comparative Market Analysis) or a full residential appraisal, so you know WHAT you're dealing with. Zillow, Domania and all the other sites are useless for this, including the tax assessor's site.

    Your signature reads that your only asset is your tax refund, so what is all this questioning?
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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